State Bank of India – 1D
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SBIN
Trend:
Clear downtrend with strong bearish momentum
Key Levels:
Resistance – 1,022 / 1,040 / 1,075
Support – 989 / 946
Price Action:
Breakdown below multiple supports with strong bearish candles. No immediate demand reaction yet — selling pressure intact.
Expected Move:
Below 989 → Further downside towards 946
Pullback rallies likely to face rejection near 1,022–1,040
Verdict:
Weak structure — selling pressure dominant until key resistances are reclaimed
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Disclaimer:
I am a SEBI Registered Research Analyst. This content is purely for educational and informational purposes only. It does not constitute investment advice or recommendations. Please consult your financial advisor before making any investment decisions.#TechnicalViews
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